Portland Trail Blazers are for sale
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NBA Draft Lottery occurred on Monday, determining the official order of the draft in June and where the Portland Trail Blazers will be picking.
The Moda Center in Portland, home of the Trail Blazers. No way. Bonkers. A real stretch. That's the response I got in our Slack thread after floating
Shaedon Sharpe is eyeing a new deal from the Portland Trail Blazers. Per HoopsHype's Michael Scotto, Sharpe and the Blazers are expected to discuss a long-term extension this summer. This offseason figures to be a crucial next step in Portland's rebuild.
Portland Trail Blazers for sale: Paul Allen's estate to sell team and donate all proceeds to charity
"The estate of Paul G. Allen today announced it has commenced a formal sales process for the Portland Trail Blazers NBA franchise, consistent with Allen's directive to eventually sell his sports holdings and direct all estate proceeds to philanthropy.
Paul Allen's estate announced Tuesday that the franchise is for sale, which could mean brighter days ahead on the court and potential relocation concerns.
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The NBA's Portland Trail Blazers and the NFL's Seattle Seahawks are linked through common ownership by the estate of Paul Allen.
Estate of Paul G. Allen is starting a formal sales process for the Portland Trail Blazers, sources tell ESPN. Allen & Co and law firm Hogan Lovells leads sales process, is estimated to continue into 2025-26, with all Estate proceeds going to philanthropy, per Paul’s wishes. pic.twitter.com/VmRl6NZHLf
“Today the Estate of Paul G. Allen is announcing the start of a formal process to sell the Portland Trail Blazers. This is an expected milestone following Paul’s death, who had directed his sports holdings to be sold with all Estate proceeds being directed to philanthropy. Please find below a statement from the Estate.”